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AIRW > SEC Filings for AIRW > Form 8-K on 19-Jul-2013All Recent SEC Filings

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Form 8-K for AIRWARE LABS CORP.


19-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On July 16, 2013, Airware Labs Corp., a Delaware corporation (the "Company"), entered into a Severance Agreement (the "Agreement") with Jeffrey Rassas, the Company's Chief Executive Officer ("Mr. Rassas")pursuant to which Mr. Rassas will be entitled to the following severance benefits: (i) the Company shall pay to Mr. Rassas his base salary for a period of 12 months following termination without cause; (ii) Mr. Rassas shall be paid any earned and unpaid bonus due; and, (iii) and all unvested stock-based compensation held by Mr. Rassas shall vest as of the date of termination.

The preceding description of the Agreement is a brief summary of its terms and does not purport to be complete, and is qualified in its entirety by reference to the Severance Agreement, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

Exhibit No.              Description

10.1                     Severance Agreement, effective July 16, 2013, by and
                         between Airware Labs Corp. and Jeffrey Rassas.

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